Business Recovery Program linked to COVID-19

The COVID-19 pandemic has affected many companies which will find it difficult to regain a state of profitability in the short and long term.

The Business Recovery program will allow business leaders to take proper actions in order to re-establish the business operations and set clear priorities with a concrete action plan to achieve their objectives.

Phase 1

Analyze Current Situation

• Assess whether the work location is configured in accordance with COVID-19 guidelines
• Assess the challenges that COVID-19 represents to employees, major customers, suppliers (i.e. procurement), technology and partners
• Evaluate the financial situation / Cash flow and conduct different scenarios
• Validate if value proposition is in line with customers’ needs
• SWOT Analysis considering COVID-19

Phase 2

Reset the priorities and Action Plan

• Choose three priorities which will quickly generate business and re-establish the situation
• Prepare ACTION PLAN for the next six months using S.M.A.R.T.
• Measure Progress through (K.P.I.) (Financial-Customer-Operations -People)
• Align budget, plan the resources and clarify roles and responsibilities

 Phase 3

Alignment, Execution and Follow-up

• Align company objectives by department and team members
• Execution and Communication
• Review and adjust the action plan regularly.

Orest Lysymanko, PCC